Breeza Announces FHA Approval, San Diego Bayfront Living for Only 3.5% Down

Online, June 3, 2010 (Newswire.com) - BLUE MOON ADVERTISING

FOR IMMEDIATE RELEASE
Breeza Sales Contact: Mike Chious
619-234-8736 or [email protected]

Agency Contact: Stacie Greene or Martin Duggan
858-202-0400 or [email protected] or [email protected]

Breeza Announces FHA Approval, San Diego Bayfront Living for Only 3.5% Down

Luxurious bayfront living within San Diego's Millionaire's Row district
of North Embarcadero is now more accessible to homebuyers.

SAN DIEGO, June 1, 2010: Breeza residential luxury mid-rise in the Millionaire's Row district of North Embarcadero has announced that it recently received FHA approval. With this announcement, new homebuyers may move into a brand new bayfront home for as little as 3.5% down.

"We are thrilled to announce that the Breeza community has qualified for this program. We are very proud to obtain this status as it opens the door for many potential homebuyers to realistically achieve their dream of living a luxurious lifestyle on the waterfront Downtown. I believe the prime location and recent sales velocity has contributed significantly to the current approval," said Michael Chious, General Sales and Marketing Manager of Intergulf Development Group, developer of Breeza. "Now living on San Diego's bayfront is more affordable than ever."

The FHA, or Federal Housing Administration, provides insurance on loans made by approved lenders, lowering the risk of lending and allowing more homebuyers an opportunity to purchase a new home. The FHA has insured tens of millions of mortgages, making it the largest insurer of residential mortgages in the world. Through the FHA, primary homebuyers can qualify for a loan with a lower down payment, lower FICO score, and overall, more relaxed lending guidelines.

Residents enjoy a fitness center and community room overlooking a scenic courtyard that includes lush, tropical landscaping, cascading waterfalls, a heated lap pool, Jacuzzi-style spa, sun deck and Roof Top Terrace for everyone to enjoy the fabulous San Diego Bay views. Breeza's North Embarcadero location provides easy access to public transportation to destinations such as Little Italy, Horton Plaza, and the Gaslamp District, all known for having some of the city's best restaurants, shopping and nightlife.

Floor plans range from 615 square feet for a one bedroom, one bath, to 2,150 square feet for a two bedroom plus media room, two baths. Prices start from the low $300,000s to $1.8 million for a penthouse. The Breeza development offers a range of homes from one bedroom one baths, to townhomes, all the way to spacious penthouses with breathtaking views of San Diego Bay. Interiors include designer features such as granite kitchen countertops, stainless steel appliances, polished chrome faucets, acrylic soaker tubs and triple paned glass windows.

Developed by Intergulf Development Group and Lennar Urban, Breeza includes residential and retail space comprising 155 homes, three offices and four commercial spaces encompassing nine stories, as well as a gated entry and underground parking. The project also incorporates the historic Parron/Hall building, which has been retrofitted to accommodate community space and three levels of for-sale office space. The classic San Diego landmark was constructed in 1909 for the San Diego Globe Grain & Milling Co.

For more than 24 years, Intergulf Development Group has built award-winning communities that respect and enhance the environment throughout the Pacific Northwest. In 1999, Intergulf entered the Southern California market with projects such as Treo@Kettner, LaVita and Alicante, which have been instrumental in revitalizing downtown San Diego. The company continues its commitment to superior leadership in the Southern California condominium market.

Lennar has been in the real estate development business for more than a half century, starting with homebuilding in 1954 and expanding to commercial development and management in 1969. The company is led by a proven management team with unique capabilities and extensive experience in all aspects of real estate development, including the highly specialized fields of military base conversion, large-scale community development and urban renewal communities.
Furnished models are now open. Sales appointments can be made by visiting the Breeza sales studio located onsite next to the lobby at 1431 Pacific Highway, M-108, San Diego, CA 92101, or calling (619) 234-8736. For more information, visit www.breezaliving.com.

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